Assurant (AIZ) Issues Earnings Results
Assurant (NYSE:AIZ) released its earnings results on Thursday. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.26, Bloomberg Earnings reports. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share.
Shares of Assurant (NYSE AIZ) traded up $1.74 during trading hours on Friday, hitting $86.90. The stock had a trading volume of 124,020 shares, compared to its average volume of 390,191. Assurant has a one year low of $85.15 and a one year high of $106.99. The firm has a market cap of $4,653.99, a P/E ratio of 20.37, a PEG ratio of 0.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.53 and a quick ratio of 0.53.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, February 26th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, February 23rd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.58%. Assurant’s dividend payout ratio (DPR) is presently 53.59%.
Assurant Company Profile
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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